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Mad Money

News/Business. Money manager Jim Cramer discusses Wall Street investments.

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Cramer 7, Xilinx 6, China 6, Obama 4, Bernie Madoff 4, America 4, Jim 4, At&t 3, Copenhagen 3, Panera 3, Sapphire 2, Us 2, Pepsi 2, American 2, Florida 2, Texas 2, Julie 2, Verizon 2, Washington 2, Fdic 1,
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  CNBC    Mad Money    News/Business. Money manager Jim  
   Cramer discusses Wall Street investments.  

    January 21, 2010
    11:00 - 12:00am EST  

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look, you know, i throw my hands up here, even the damaged one. you know the show is not about politics, except insofar as politics matter to stocks. politics matter to this. and right now, the policies of president obama matter very much. on "mad money" we only have one constituency, and that's shareholders. you. and there's no doubt in my mind that the millions of americans who have some exposure to bank stocks, not to mention the stocks of companies that need credit will get hurt by this plan. these proposed banking regulations would, if taken literally, do everything from ending the process of banks investing alongside of their customers in pretty much everything, shutting down internal trading funds in ensured banks and forcing some of the bigger banks to break up. think wells fargo and bank of america. almost none of which created the crisis we just got through. crummy mortgage lending, and crummy ensuring by the likes of
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fannie mae, freddie mac, bear stearns, and aig caused this crisis, not internal hedge funds and banking concentration, for heaven's sake. there's another less punitive way to ensure we don't have banks that are too big to fail. the intelligent genesis of this misguided proposal. the way that barney frank, the most powerful legislator in the land told erin burnett and me on "street signs." frank, a real smart guy, wants more transparency. he wants the banks to reveal what the heck they're doing and what they're trading and he wants greater regulatory oversight so there's no fire sale of assets and the prudent aren't punished while the prudent thrived. common sense. not political, just savvy. barney frank has got horse sense. because there's checks and balances, it must be that the president's plan is going to be stillborn, right? that it will die in the house of
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representatives at the hands of a more sophisticated, less politically motivated banking chairman. oh, by the way, as well as the chairman of the federal reserve, who historically has not favored this kind of heavy-handed behavior. and you know what else? while i admire paul volcker who suggested this move, i cannot believe that the much more current tim geithner, our treasury secretary, favors this strike against a fragile banking system that he has done so much to save. i was not initially for tim, but let me just be very honest. i don't know how tim stays. not with this. i just hope he does. but frankly, it's too soon to vote against the president for the banks. you have to let it cool before wading into it. let's try to make money anyway, because that's my job. what should you do in response to today's lashout nightmare. the president has reverted to his now is not the time for
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profit mantra. you've got to dig through the rubble, find the stocks that can't be touched. if the president is set on regulating bank profits out of existence -- hyperbole -- then we have to go to the unregulated banks. the banks of general mills and projector gamble and bristol myers. pepsi and coke, old rivals that are self-financing. while the president doesn't want the economy of mankind to be crucified, he's probably okay with colgate bank, probably johnson & johnson savings and loan. these are all protected. not by the fdic, but by sales. defensive stocks that generate tons of cash and are mostly immune to washington, thanks heavens. these stocks should have been up, not down today. you're getting some real good entry points. you want to invest in a bank, go with those that do none of the things the president wants to crack down on.
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i think they're all up today. those are the future banks as i describe in "getting back to even." getting back to even, hmm. you will have to do it a second time if obama gets his plan through congress. these banks aren't hedge fund in drag. they don't do private equity and they don't risk their capital on crazy things, okay, fine. where else can you put your money? domestic security, energy shortage, foreign stocks. do you remember that theme? hey. i got horse sense. as well as the mobile internet tsunami. the long-term themes we laid out because we feared those things. many of those stocks work today, relatively speaking. that's it. we recognize that the populist movement favors the stocks that go into bull mode with an economic slowdown because there is no doubt in anyone's mind frankly that these measures would cut growth, including internet growth. there's no doubt these measures will break the economy's
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momentum. i think even the president's inner circle of advisers are worried about that. that's what happens, a slowdown when you crush investor confidence. which is what happened today. and what happened a year ago. when obama did the same thing, do you remember that? when he lashed out against the bankers. do you remember when he went down dow 6300? nightmare on pennsylvania avenue. do you think he learned that main street and wall street are the same street? or at least main street is the highway and wall street is the adjacent service road. if you want to get all aaa about it. the bottom line, we hope the stock market's message isn't lost on this white house. we want to sing obama's praises for create jobs and bringing down unemployment, for delivering higher stock prices. we don't want to criticize his proposals for eroding investor confidence. but let's not take any chances. while the president is trying to
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shrink regulated bank, you need food and drug banks, projector and gamble, general mills, pepsi, coke. how about clorox. that's a good bank. there's always a bull market somewhere. even when the president seems to be mandating a bear market in the financials that could rip regularly throughout the economy. these companies, the bull stocks that i just talked about, hey, they can -- even if unemployment goes higher, they are the atms that we can bank on in this artificially created perilous moment that just crushed the roaring bull, which benefited so many of you home gamers and allowed so many of you to get back to even. why don't we start with nick in florida. nick. >> caller: jimmy, big university of south florida boo-yah to you. >> let me give you an absolutely fabulous school boo-ya back at you. >> caller: are you going to be watching our football season next year? we got the new coach in town. >> sometimes you come out just like a tornado there. yeah, i'm a usf fan. but remember, i am also a fan of
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every school we went to, doing our show from. go ahead. >> i know you like the bulls. so i have to go with that. we have a lot of regulations coming in. how do you think that's going to affect big banks overseas? >> you don't want to touch them. bank that do business here are going to be hurt, too. he doesn't use the term hurt, but that's my pejorative. anybody that does business here is going to have to fulfill these new rules and that is real bearish for any international bank that does work here and they almost all do. i want to go to david in my home state of new jersey. >> caller: boo-yah, jim at the point pleasant. we're in the real jersey shore, not like those on tv. >> i'm giving you a jenkinson boo-yah. not a situation or snooky boo-yah. >> how about the j-e-t-s, jets, jets, jets. >> how about rex ryan losing in
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new jersey? go ahead. >> caller: i picked up maxim, mxim. it's got a yield of 4%. it's a chip company. the only thing i'm wondering about is it hasn't really gone up that much, but hate to sell it because it's -- >> let me tell you something, david you've got a good idea about how to pick stock. sometimes you get some that lag and say you know what, i'm giving up. just stick with it. i think it will happen. remember, intel was lagging, too. and i've just been buying that one hand over fist for my charitable trust. let's go over it again. this is not a political show, but what am i going to say? the market was down because of the price of milk? dow down 213 while president obama is trying to shrink the regulated banks.
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you've got to get defensive and buck up on the food and drug banks. "mad money" will be right back. coming up, energy boost. with energy on the move in 2010, cramer is going head to head with kinder morgan energy partner ceo. can it continue to fuel your portfolio? and later, panera is up big, but can it make your dough continue to rise? cramer is going one-on-one with ceo ron shake on "the executive decision." plus with the mobile internet gripping the globe, cramer is going head to head with the xilinx ceo to see how prepared they are to profit from the trend. you're the colon lady!
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when the market slams you like it did today, you' got to fall back on the best defense out there -- a stock with a notoriously b-i-g juicy dividend. one that just reported a strong quarter last night and isn't getting any credit for it. i'm talking kinder morgan energy partners, knp, which i liked so much, it made it a part of my model dividend portfolio that i gave you in my new book "getting back to even." they're a natural gas pipeline, like a utility. it's not as exposed to the volatility of natural gas prices as others. they're a master limited partnership, also known as an energy trust. passes on almost all of its
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earnings to shar holders in the form of fat distribution. i like to call money machine. based on its suspected payout of $4.20 here, that's no longer as accidentally high as it was the last few tiles we had the ceo on, but it might be staaled here. we've got to find out. the company's ceo is the best in the business. the stock was at 52.55. a year ago, i was telling you to buy, buy, buy. knp is holding an analyst meeting in a week, thursday the 28th. that could be a nice catalyst, particularly if the selloff continues. you can get your move. let's talk to richard kinder, the fabulous and i think bankable ceo of kinder morgan energy partners. welcome back to "mad money." >> thank you. glad to be here. >> why are you able to offer a yield that is much higher than treasuries on a consistent
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basis? what makes your business so different from other energy companies? >> well, as you aptly put it, accurately put it, we're like a toll road. we get paid for the most part a fee for moving natural gas or products or other commodities through our system. we have about 24,000 miles of pipeline across the united states and canada. we have about 180 terminals that handle everything from gasoline to jet fuel to ethanol. we just get paid a fee for this, mostly under fairly long-term contracts. so regardless of the price of the commodity, we still make money. and that's why i call it a toll road concept. and i think this year's results prove it works pretty well, even in a down economy. >> let's talk about this. this was the first time. some guys said you missed your quarter. the truth is you made your quarter, but there were some businesses that actually had declines in revenue.
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but you still made it. explain to people how you can have such a mosaic of business it didn't matter that jet fuel was down. >> the decline was very meaningless because we have a lot of back to back contracts, particularly on our texas intrastates where we buy natural gas in south texas, resell it on a ship channel back to back, make a spread of 10 to 1 cents on it that's locked in on both ends, but as the price of natural gas goes down, revenues go down. so revenues are really not very meaningful. the meaningful thing for us is distributable cash flow per unit. last year we increased that in the fourth quarter by 44%. overall last year, we accumulated $4.25 per unit. as you correctly said, we expect to take that up to $4.40 in distributions in 2010, which would be another 5% increase. >> that's fabulous. i was reading through a -- a swan song from the guy who ran
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the sierra club. and in it, he said we were able to stop -- there were no new coal plants commissioned, not a single one opened last year. that means there's more natural gas coming. are you able to see for multiple year, because of the stop of coal and the obvious bridge fuel to natural gas, are you able to see growth out 10, 15, 20 year now? >> well, it's hard to predict that far out, jim. initially, i think as you and i have talked before, any meaningful solution to car bob emissions issues in this country has to involve the use of a lot more natural gas for electric generation. not only do i think there will be additional natural gas plants built, but a lot of natural gas-fired plants today that aren't being fully utilized will be more fully utilized in the future and all of that will lead to more natural gas demand. we're very bullish on long-term natural gas use.
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we have thousands of miles of pipeline that do nothing but move natural gas, so we're very bullish on that. >> you do have your bases cover. if we ever solve the problem, you would have a huge business in captured coal, too, wouldn't you? >> we're the largest handler of co2 in america. we move 1.3 cubic feet every day in west texas. to the extent that you have clean coal technology and the key part of that is the capture and sequestration of co2, we'll be right in the thick of it, because we have a lot of expertise. but as i said before, this is a beast that's got a lot of hair on it. it's going to take a lot of work before, i believe, before massive sequestration and clean coal technology really works out. if it does, if that gets legs, we'll be there for it. >> i think it's terrific that you said it may not be on the horizon.
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the president seems to think it's just a few years away. i don't see that. >> well, you know, you have a different view on things when you're down in the swamp up to your rear end in alligators. and that's kind of the way we are. and you're right, there's a lot of -- it's a lot more difficult subject than a lot of people think. we continue to monitor it. we're active in it, but we're certainly not banking on any cash flow from that in the near term. but if you look at natural gas usage. if you look at, we think in 2010, we'll handle about 80 million barrels of ethanol, which is something between 20 and 30% of all the ethanol handled. we don't make ethanol. we don't bet on ethanol, but we have contracts to handle it in our terminals. and to a minor extent in one of our pipelines. so renewable fuels, that's a thing that's going to happen. natural gas is a thing that's going to happen. >> you say it's going to happen. we had boone pickens on yesterday, you know, because we watch the show.
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half the natural gas ceos i talk to are such realists they're afraid that washington is still against it. there was a horrible -- excuse me, that's too pejorative, there's a critical article about when you drill for it. where are we really in terms of getting the ball over to the goal line for natural gas usage as our bridge fuel for the next 20 years. you have to start with the basic proposition that natural gas emits half the carbon of coal, for example. so to the extent you substitute more natural gas you will have carbon emissions.
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and the numbers are pretty big for natural gas. after all, it's about 20% of all the electricity generated in this country. whereas, as we've seen before, the things that the administration likes so much, solar and wind power are less -- far less than 1%. so if you're going to have a meaningful impact, you want to tax something that already has 20% of the market. so a reasonable increase in it could really make a difference. to me, that outweighs some of the issues from an environmental standpoint from the use of fluids in the fracking. i think the industry has been forth coming in saying this is safe technology. >> i think sierra club would agree with you. thank you very making so much money for all of our viewers. >> thank you. we'll try to make more money for you. >> you bet. thank you. the man is, as we say in the business, money. after the break i'll try to make you even more.
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>> can it make your dough continue to rise. cramer is going one-on-one with ron shake on the executive decision. >> plus, the clock is ticking. to find out how to fire away at cramer on the lightning round. can he withstand your thunderous onslaught of stocks? >> investors don't seem to know what to do. i don't know what to do. >> good, i do. you came to the right guy. these are the building blocks of a perfect girls' weekend.
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>> got to down play the whooping we took today, but it's my job to find the bull market, right? wherever they are, even on the days you want to go home and drink cheap scotch on the old linoleum floor. but every cloud has a silver lining and today you can find it in panera bread. this stock was up $5 today. i bet we would be up $10 if we didn't have the slashing.
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it raised fourth quarter guidance last night. it reported same-store sales growth of 7.4%. this kind of accelerated revenue growth is exactly what wall street wants to see. it has the strongest growth in the casual dining industry, it has the strongest growth in the casual dining industry, which is a big industry. the company has actually been able to raise prices. why? it's got healthy offerings people really want. a menu with a wide variety. a lot of different price points, 1,300 locations, got plenty of room to grow. 80 to 90 new units. at the same time, it's big enough to leverage the national footprint with its media, allowing panera to a 60% increase.
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rates came down for advertising and it is stepping up. panera has new offerings, zero debt. how much do we love that? and last but not lease, it does indeed have the best management in the business. panera stock is up 33% since the last time we spoke with its terrific ceo april 29 of last year. it traded at $55.37. it's up 51% since i recommended it july 23. it was at $48.74. i'm sorry, july 28, 2008. that was after my daughter insisted on going there after every field practice. look, this is simply one of the best stories out there. not just in the restaurant business, but in the whole market. we got to know more about panera bread. so why not bring on the chairman and ceo who unfortunately is retiring! we'll find out more about that. welcome to "mad money" in person. >> this looks good.
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what are we eating? >> you name it. >> what are you eating? >> i'm probably going to go for the chicken salad. i might not eat the bacon because i'm trying to lose a little weight and i haven't been able to work out much. doesn't this make you feel great? now, everybody is getting crushed. we're excited when we see 1% growth. when a company reports 2% growth, we're jumping up and down. what are you doing the other guys aren't? >> december and january, we've been up over 9%. how? >> i think we are making a difference for customers. people are reacting to the salads we rolled out this summer. they're reacting to the macaroni and cheese we rolled out in december. they're reacting to the fact we're investing more for the customers. the quality of the operations are up. the accuracy is up, the speed of service is up. we've engaged in a whole new approach with our catering effort. and as you mentioned in your intro piece, our marketing is intensifying.
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brought together, we're putting investment into the cuss customer as opposed to stripping costs out. >> go back to something you said. my panera on route 10 and on 202. i've got one right near melbourne. all of them are very specific about how quickly you get your food. could you explain to people why that is -- you have done more on that than any other -- maybe not the mcdonald's level, but any of the quality dining, eating places. >> i think we would say it's the totality of the experience. people have to come because this food is worth going out of your way for. secondly, you have to be served by people who have their own self-respect. and third, it's served in an environment that engages you. you put that together, time matters. >> self-respect is important. believe me, i'm a recognized guy, but every single one of your stores, i always feel like king.
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me. >> could be pop i think it's the hairline. >> one of the things we talked about, and you would say, let's wait until the prices come down, it's real estate. i saw pizzeria uno file for bankruptcy. a lot of restaurants have closed. is now the time to expand like you have held back for? >> jim, this is the time to grow. occupancy rates were down 25%. >> you waited and waited. i encouraged you to do it beforehand. you were right. >> absolutely. the costs of construction were down 20%. the average weekly sales of new stores were up this year. put that together, the class of '09 will be among the best classes ever built in panera's history. >> how can you leverage advertising spending? another thing you were very prudent about -- you just did a lot of billboards but now you're being aggressive because the rates have come down? >> yes. we would say this. it's not about the media itself, it's the marketing strategy. we understand the customer and the approach with that customer is to build a relationship with them. first they understand the quality difference that panera
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brings. bread that is always made with fresh dough, antibiotic-free chicken. when we can deliver that message to the guests, when they understand it, they deepen their relationship with panera. >> but only chipotle's has that same level. i want to talk about something that you tapped into, speaking of domino's pizza. there's a wave sweeping this country that only you seem to be aware of, teenagers who are vegetarians. anyone who's been on a college campus knows every college has a vegetarian cafeteria. did you do it deliberately? how did you know your food was going to appeal to vegetarians. this is the fastest growing population in schools. >> i'm surprise think that you got it. >> massed processed commercial foods, it includes ingredients, vegetarian. we've seen a movement towards that.
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soup, salads. they are the growth categories on the menu. >> everyone always said before you came along, you can't afford it. there's no way you could deliver this kind of food for less than $12 or $15. >> i don't think it costs all that much more to do it right. it requires a commitment to do it right. part of what has made it the success it has over the decade. the best performing stock for the restaurant industry in the last decade, what has made that happen is this absolute commitment to mastering what it means to do real food. that's fresh salmon. the lettuce is the same lettuce you're going to get at the best hotels in america. we cut out the outer leaves of it. we're talking about the heart of the romaine. you can look around, take the chicken, antibiotic free, all natural chicken. we're talking about real food. >> how about your schedule? when you're going to be open all day. how have you ever been able to lever breakfast, lunch and dinner? >> what panera is, it starts with our commitment to hand
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craft the bread, made by the largest cadre of bakers in america. fresh dough every day. we compete with solutions, breakfast solution, baked good and a beverage. >> you didn't start like this. >> we started as a lunch business. basically rooted in sandwiches, served on artisan bread. at that point, we were doing $1 million a year. then we grew into the breakfast business. we added the bagels. fresh bagels. we added the breakfast sandwiches. that took us to about $1.25 million. then the oasis or gathering place business. panera operates the largest free wifi network in the united states. >> there's always an outlet next to every table which i love. most places don't have outlets. regina is giving us the hook. i would not be paying attention to her, but it happens to be her birthday today. you, you're retiring. >> no, i'm not. >> tell me. you're not going to be ceo.
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>> for 30 years, i've wanted to make a difference and what i love about panera is solving problems. i believe there's so many problems outside of panera and outside of our society and i want to contribute. what i said to the board ten years ago was i wanted to do it. i want the right leadership to take over, the right ceo. the time is now for me to take a couple of days a week and begin to explore how can i help make a difference, whether it be in public policy in a nonprofit. there's just a whole bunch of ways i can help solve problems. >> sounds like you left panera in a good place and the world is going to be a better place because you're a success at everything you do. this has been a winner. go eat there on the way home. it's pretty darn good. >> jim goes fast and furious as he faces a nonstop barrage of calls, getting stock after stock their final verdict on "the lightning round." want to push cramer's buttons?
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use the "mad money" sound board today at madmoney.cnbc.com. remember this one? >> they know nothing! >> listen to all of cramer's famous sound effects at madmoney.cnbc.com.
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it is time. it is time for the "lightning round." you say the name of a stock and i tell you whether to buy, buy, buy or sell, sell, sell. i don't know anything ahead of time. when you hear this sound, the lightning round is over. are you ready ski-daddy? it is time for "the lightning round." i want to start with tom in the great state of ohio. tom? >> caller: jim, i'm giving a classic, listen open the darn fed window boo-yah! >> they know nothing! they know nothing! >> hit me there, sport.
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>> caller: i need some mad money to get from ohio to southern california. but google has no idea. >> i'm glad you asked me. i lowered my price target because of the china. here's the deal. when you look at google, first of all, i want yo you to divide it by 10. it's a $58 stock that's now 55. that makes it much less scary. second, all the growth metrics are there. they didn't blow out the revenue so you're going to hear all this stuff, it was easy to sell. i like google. am i backing up the truck to google? no. i'm not doing that because of the china issue. that said, come on, down 30? it's time. let's do a little buy. as i get back to even, i tell you how to buy google right at this price point. that was the most naked promo yet.
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let's to go amy. amy? >> caller: hi, big boo-yah from michigan. >> how can i help? >> thank you. do you think i should keep walmart at $58? >> why not? what's wrong with walmart? we do miss lee scott. we's one of our absolute favorite ceos and we felt better about recommending the stock, but i still like it. i do like retail here. let's go to greg in the illini. greg? >> caller: big city boo-yah to you from chicago, jim. >> bear bull-yah, no. bull boo-yah, maybe. go ahead. >> caller: amd. i cost averaged in a lit bit at a time going back about 12 months and recently sold out my initial investment. and i'm wondering should i keep sitting pretty. >> sell, sell, sell.
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>> we're done. i'm ringing the register. sell amd and move right into intel. that makes sense. salley mae, this is my speculative stock of the year. it hit $12 today. let's ring the register. i'm no pig. this and i are never to be confused. remember that next time. let's go to neil in florida. >> caller: metro des. >> this one is a speculative stock. it's not working right now. there's a big price war going on between verizon and at&t. i would rather sell sprint and own metro pcs. gary in texas.
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>> caller: a boomer sooner boo-yah! how about game stop. gme. >> no, no, no, no, no, no. >> sell, sell, sell. >> no, no, no. we are a believer in play fish, electronic arts. they're up today. play fish is social media. it's viral. we don't want to go to the store for our video games. we want to get them online and down load them, which is bad news for game stop. but good news for the end of the lightning round. coming up, with the mobile internet gripping the globe, cramer is going head to head with xilinx ceo to see how well placed they are to profit from the trend. and strategy... is all about information. heat mapping shows me
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today was horrible. we can't afford to sit around fretting about how the sky is falling, can we? we need to think about our core themes that work on down days like today.
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we've got to get more defensive. plus, isn't it worth taking a look at one of the few stocks that actually went higher? up an amazing $1.31, resisting the visage downward gravitational pull of the selloff? i'm talking xilinx. a mobile internet tsunami play. after raising on he is the 8th, knocked it out of the park this quarter when it reported after the close yesterday, showing growth in all of its end markets and regions. stock is now up 18.35% since we put it in the mobile internet index on august 11 when it was trading at $21.31. now, xilinx is the largest supplier of chips called programmable logic devices. these chips are flexible. they can be sold to many different manufacturers for various different applications and they make them more cheaper than semis that are specifically designed for one application. xilinx earned 40 cents a share for the quarter. that beat the street's consensus.
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sales are up 12%. they generated a ton of cash and pays a nice dividend. up 2.5%. but some have qualms with the quarter and even i have concerns about how long xilinx can thrive with high unemployment in the u.s. and china putting on the brakes. maybe i'm too skeptical here. although i'm probably not in the end. let's give xilinx's ceo a chance to rebut the worries. this kind of quarter was not driven as much by the internet tsunami, but there were industrial applications that i didn't think were so strong. talk about the mosaic of what went right in this quarter. >> our revenue was up 24%. this was driven by growth in all geographies and all market segments.
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in particular, we were delighted that our new product offering vertex. it has been in the market for a couple years and that was a major driver of our growth going forward. we expected to continue that way. >> one of the things that bothers me immensely, the analysts are saying, it has a bright guy, too. executing. to me, if you can do this kind of number in this really awful economic environment, it can only get better when the economy gets better. am i too hopeful? it's driven by all of the mobile and internet applications that are driving band width requirements and we're benefiting from that. and with each generation of technology, there is more application that's we can
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address. so we do believe that that secular trend in terms, on top of all of the volatility is what is helping our business. >> you have to help my viewers. programmable lodge pick means nothing to them whatsoever. what devices, what tangible things might our viewers own that we would find the chips in? >> typically, we have over 10,000 customers, and those customers basically use programmable chips to enable them to come up with unique differentialated projects and platform for a whole host of applications. you can find our devices in nearly every product. but primarily, would you find them in infrastructure enabled products. products that enable greater band width. so for example, as customers use more video, as they move to hd,
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as they move to 3 d, the consumer space, that generates requirements which our chips help address. >> that's a good point. we've gotten a question about 3:00 d and they want to may it with imax. there is a strange phenomena here. maybe i've been around too long but i still regard you as a young growth company. they don't have a 2.5% yield themselves don't have a dividend. >> well, the company has generated cash, generates cash consistently and we feel it's the right thing to share that with our shareholders. and as long as we continue to do that, that is part of our strategy and you're right, we're a 2.5 or a little higher. and we actually just increased it from 14 to 16 cents this past quarter.
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>> we love that. we see so many companies cutting their dividends. so the conference call, your cfo mentioned you think there will an big ramp in china come april, may. everyone is very worried about china and china growth. you can please just tell us that when the government says don't lend, that doesn't mean your time frame will be ruined? >> the government is continuing to invest very heavily in infrastructure. it's part of the whole social program there in the same way that they're now investing in building a high speed train which is faster than the tgv. in japan they're building a wireless infrastructure which will be the leading infrastructure in the world. they're doing in phrases. we see them very committed to doing that in the middle of this year or earlier. >> all right.
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i got to tell you, this is just a great story. thank you for coming on "mad money." appreciate it. >> thank you. guys, every analyst i talked to, they say you got to catch it at the peak. we've been saying it hasn't been peaking now for 20%. believe me, we got street smarts, they don't. continue to buy if it goes down. "mad money" after the break. ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus.
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take the fear out of a 580 now 550 stock. divide it by ten.
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in other words, google is okay. not the best, but okay. there's always a bull market somewhere. i promise to try to find it just for you here on "mad money." what are you doing...? calling chase sapphire, seeing if we have enough points to stay longer. now? you don't have enough time... and you have to push all those buttons... no buttons, someone answers every time. yeah, right... bet you a massage... yeah, ok. hi, julie... i have a question about my points. hi, what button do i press for a massage? hello? new chase sapphire... you call. we answer. no waiting. just press right here... go to chase.com/sapphire. chase what matters.
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the oil crisis is over. i don't think so. our economy is bleeding billions for foreign oil... importing nearly 70% - much of it from countries that don't like us. that's billions we should use to create american jobs. we have plenty of american natural gas, to power our trucks and bus fleets. it's cheaper, cleaner, abundant, and it's ours. we've had our wake up call. it's time to act.  
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this is a cnbc special event. they trusted him with their future. >> it was so far out of my head that anything like that would happen to someone like bernard madoff. >> they trusted him with their lives. >> he betrayed them. >> a 71-year-old man beyond reproach. bernie madoff. the man who made so many so rich for so long. the man who gave millions to charities and invested millions more on their behalf. >> the money disappeared. there's nothing to recover. >> gone. >> i've always expected madoff to blow. >> gone. >> that would have been my nest egg but gone. >> $65 billion lost, in the biggest ponzi scheme ever. how did he do it? where is the money? and how did it go on for so long? we'll take you inside his shadowy world. the wealthy communities now
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reeling. and the charities, some simply left with nothing. and you'll meet the few who questioned it all along but couldn't get anyone to listen. this is "the scam of the century: bernie madoff's crime and punishment." >> bernardo madoff will die in prison, sentenced to a term of 150 years. in court, bernie madoff apologized to his victims and acknowledged his words would provide them little comfort. over the next hour, we will unravel madoff's stunning web of deceit and take you inside a heart of darkness. madoff, a man capable of stealing from his friends, his community, his charities, and so many more. it's a close-up look at the $65 billion fraud that will forever be known as the scam of the century. "bernie madoff: crime and punishment." convicted of creating the largest fraud in history,